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Search Results 0 to 5 of about 6 (some duplicates have been removed)
Mar 16, 2013 10:00am PDT
th, we're set to hit the debt ceiling. some say that's going to be the real showdown. annie lowry is the economic policy reporter with "the new york times." nancy cook is the economic and fiscal correspondent for the "national journal." annie, both sides put budgets out. everybody knows neither one is going anywhere. what happens next? >> eventually we'll go through the same sort of continuing resolution process you've seen in the last couple years. the budgets are political documents. they'll probably both pass their respective houses but there's almost no way to bridge the gap between them and they're very vague documents. again, these are kind of political postures. we'll go through the same sort of slow process of appropriating money through continuing resolution that we've last the last couple years. >> the budgetary process, central to what the government is supposed to do, not supposed to be a political process, sure, the government's priorities but it's technical where everybody tries to come together and hammer it out. when people say things -- nancy, they say this a lot,
Mar 15, 2013 10:00pm PDT
to make thing more interesting we run back into the ceiling debt much later and that rolls up into the fiscal cliff 2.0 in how the government tempts to deal with it. so you may ask yourself we have a portion of the tax increases went through and who knows exactly what congress is going to but it's probably a pretty good guess that we get to the very last minute right before the march 1st effective gate date for the spending cuts and then we get some other short-term extension to add to this made for tv drama that they seem so fond of lately and you wonder where does it get us long term and how are we able to close the gap here the congressional budget office has looked at what they consider to be the most likely outcome of the ongoing negotiations which, is a marshal implementation of these spending cuts and what you see here are two lines. the top line is out lace as a percentage of gdp or government spending as a percentage of gdp and starting today and going out through the end of 2022 and this is a forecast for the next nine years and going below that is rather a new as
Mar 15, 2013 10:30pm EDT
, the debt ceiling, we had gun control task force and the sequester. these are government sideshows and washington that we have allowed to take some just -- center stage. we are falling in the track. all these debates are about government. wrappedconservatism is up in solving the federal budget. , even as our president creates new programs, today's conservatism is in love with zeros. sessionto have an up with government bookkeeping. it is the wrong game for us to be playing. yesterday was the fiscal cliff. andy, the sequester tomorrow the fiscal apocalypse and then it will be the fiscal armageddon. i have news for you, our government already went off the fiscal cliff. .t happened years ago it happens every year for the last several years. yet, we think if we could just unite behind a proposal to cut the deficit and debt, if we could put together a spreadsheet, that all will be well. i am here to say this obsession with zeros as everyone in our party focus on the government. we send a not-so-subtle signal that the focus of our country is on the phony economy of washington, d.c. the r
Mar 16, 2013 12:00am PDT
the debt ceiling. we saw a solution which we hope would not be put in place. no one expected it to be put in place. the idea was to have a commitment mechanism we wouldn't need to force us to make better policy decisions on the sequester. and in the negotiations, what i was referring to was the fiscal cliff negotiations at the end of last year, where the matters were very close. the president did not ask for more revenue in those negotiations. he actually asked for less. he had 1.6 trillion in his budget, came down to 1.2 trillion. i will point out charlie the president has done unusual he's kept his last offer on the table. he didn't retreat and say no i want to go back to that original figure. he kept some very difficult offers on the table to reach a bargain, including entitlement reforms. and so the president has been looking for a balanced way to do this. and in some sense it's the other side that moved. the speaker was offering $800 billion for the loopholes to close which would get us a long way towards balance now. >> rose: let me come to what's happening now. because the preside
Mar 15, 2013 11:00pm EDT
. the biggest question right now is the debt ceiling in july and august could be the next powder came. both sides seem to be shying away from a showdown over funding the government. they don't want to risk a government shutdown because both sides can blow up in their faces. that's probably a safe die. >> host: to join on c-span radio, which is her coast-to-coast, our guess is damian paletta covers the budget and economic policy issues for "the wall street journal" is joining us from clinton, maryland. our life for democrats, good morning. >> host: can you hear me okay? >> guest: if you turn the volume down, we'll hear you much better. >> caller: nobody's talking about jobs. we need to focus more on jobs and cutting the budget. our going to get out of the situation is people are paying taxes. so we are worried about cutting back and we need to go forward with jobs. with the sturdy programs, they're going in the hole. we don't want to do that. we want to move forward. we have an election and the people said they wanted to go with the democratic plan to rescue our economy. we're still fighting
Search Results 0 to 5 of about 6 (some duplicates have been removed)